As a nursing graduate, the world is your oyster. Because of a national nursing shortage, the demand for nurses is at an all-time high, giving you the option to move almost anywhere. Are you an adventurer? Want to move closer to family? Interested in the highest paying states for nurses? The good news is that you have a plethora of options to choose from. The hard part is narrowing it down.
According to the U.S. Bureau of Labor and Statistics (BLS), the estimated employment of registered nurses is forecasted to grow 9 percent from 2020 to 2030, averaging 194,500 openings per year. In May 2020, the median annual wage for registered nurses was $75,330.
With the rapid growth in this employment sector, it’s an opportune time to seek a career as a nurse.
You may find that certain states pay a higher nursing salary than others, due to higher costs of living. The Cost of Living (COL) index compares the overall price of goods and services between different areas of the United States. The national average is 100, so when looking at a state’s COL index, you can see how much more—or less—you’ll have to pay to live there. For example, if a place has a COL index of 145, it is 45% more expensive to live there than the national average. If a place has a COL index of 80, it is 20% cheaper than the average for the entire country.
Hourly mean wage: $57.96
Annual mean wage: $120,560
Number of RNs employed: 307,060
COL index: 149.9
Hourly mean wage: $50.40
Annual mean wage: $104,830
Number of RNs employed: 11,260
COL index: 170.0
Hourly mean wage: $46.27
Annual mean wage: $96,250
Number of RNs employed: $84,030
COL index: 127.2
Hourly mean wage: $45.81
Annual mean wage: $95,270
Number of RNs employed: 6,240
COL index: 125.8
Hourly mean wage: $46.27
Annual mean wage: $96,230
Number of RNs employed: 36,840
COL index: 113.1
Hourly mean wage: $43.90
Annual mean wage: $91,310
Number of RNs employed: 59,300
COL index: 118.7
Hourly mean wage: $43.29
Annual mean wage: $90,050
Number of RNs employed: 10,320
COL index: 154.3
Hourly mean wage: $43.16
Annual mean wage: $89,760
Number of RNs employed: 178,550
COL index: 120.5
Hourly mean wage: $43.15
Annual mean wage: $89,750
Number of RNs employed: 23,420
COL index: 110.5
Hourly mean wage: $41.21
Annual mean wage: $85,720
Number of RNs employed: 78,590
COL index: 120.4
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